Forex kitty swells to record $360bn

The country's foreign exchange reserves rose by $333.7 million to reach a fresh life-time high of $360.3 billion in the week to April 15.
In the previous week, the reserves had increased by $157.4 million to $359.9 billion. The forex kitty increased on account of rise in foreign currency assets (FCAs), which constitute a major component of the overall reserves. FCAs rose by $341.4 million to $336.2 billion in the week under review, an RBI release said. FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen held in the reserves. Gold reserves remained unchanged at $20.1 billion.

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